Yet a new slaughter in the crypto space with huge liquidations happening with the beginning of the new week. Bitcoin price slashed miserably below $39,000 after consolidating healthy above $40,000 for a pretty long time. However, while huge price swings are recorded since the beginning of the 2022 yearly trade, it’s become a tedious job to determine whether the BTC price is in a bearish trend or displaying some contractions within a bull market.
The TerraUSD (UST) stablecoin recently overtook Binance USD in market capitalization, becoming the third-largest stablecoin. The total market value of the token is now $17.50 billion, slightly above BUSD’s $17.46 billion.
A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that would pay top dollar for anonymity.”
Litecoin price analysis is bearish, as the coin has fallen below $114.1 in price. The price increased dramatically over the last week.
It comes as no surprise that some influencers don’t care to even check what they are promoting, and on top of that, they often don’t even put disclaimers that they’re being paid to promote a project, despite regulatory requirements to do so. This has often led to multiple problems: the NFT scams and ‘sketchy’ projects attract a large number of supporters, drawn-in investors lose money, and their creators ditch the projects, running off with millions of dollars.
Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach caused by two sinister governance proposals and a flash loan attack.
ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks.
Wash trading occurs when a trader or investor buys and sells the same securities multiple times in a short period to deceive other market participants about an asset's price or liquidity.